Senior central bank officials called for the establishment of legal framework to fend off risks caused by digital financial services in order to better achieve inclusive growth nationally. Speaking at the China Financial Forum in…
FINANCE
Surging homeowner loans in China raise alarms over debt
Transferring risks – China’s total debt — including housing, financial and government sector debt — hit 168.48 trillion yuan ($25 trillion) at the end of last year, equivalent to 249 percent of national GDP, according…
13 detained in China over deadly construction collapse
Most of the dead had been working on the interior concrete wall of a massive circular cooling tower 70 metres (230 feet) up when the scaffolding collapsed Thursday morning, resulting in one of China’s most…
China Industrial Profits Accelerate as Factory Prices Increase
Profit at industrial companies in China accelerated last month as prices recovered. Industrial profits rose 9.8 percent in October from a year earlier to 616.1 billion yuan ($89 billion), the National Bureau of Statistics said…
Fiona Reynolds — China takes lead on climate change
China is emerging as an unequivocal driver of global climate change mitigation, sustainability and green finance, as its representatives forcefully communicated during a recent U.N. climate change conference in Morocco. The talks in Marrakech, which…
Former finance minister urges supply-side reform
China’s former finance minister has stressed the need to press ahead with structural reform on the supply side to fend off corruption and low efficiency during the transformation process. “As a key driver of global…
China’s Debt Bubble: Why the Bears Are Wrong
This is not to deny China’s financial risk. But the concerns should lie somewhere else in the system rather than in a systemic blow-up. Despite its high debt level, China’s financial risk is still localised…
China central bank warns against outflows via Shanghai FTZ disguised as investment: sources
SHANGHAI China’s central bank has urged commercial banks in Shanghai to guard against money outflows via the Shanghai Free Trade Zone (FTZ) disguised as foreign investment, two sources with knowledge of the instructions said on…
The murky beginnings of a new Canadian bank
… principal investor in Wealth One Bank of Canada misrepresented his credentials on the bank’s website, claiming he was a senior ranking member of China’s legislature and an advisory body to that country’s leaders. Wealth…
Death toll in China power plant accident climbs to 74
BEIJING (Reuters) – The death toll in the collapse of a platform under construction at a power plant in eastern China has rise to 74, with two others injured, as China’s chief safety inspector arrived…
How Donald Trump, debt and slowing construction industry threatens China’s economy
Stratfor, which successfully predicted Europe’s inability to cope with the global financial crisis and the US-jihadi war, warn several factors will impact heavily on Beijing’s economic stability over the next 12 months. In, China’s Economy…
China to probe illegal expansion in coal, steel sectors
It added that China would unveil financial incentives for regions currently trying to deal with overcapacity, and would provide more support when it comes to re-employing laid-off workers. The notice summarized the proceedings of a…
How Canada can get freer trade with China now, without waiting years for a free-trade deal
The specific sectors should be identified by senior officials of both countries working within the new Financial and Strategic Dialogue context that was agreed by China and Canada in September. A clear set of principles…
